Sigma-Aldrich Corp. Sets New 52-Week High After Dividend Announcement (SIAL)
Shares of Sigma-Aldrich Corp. (NASDAQ:SIAL) hit a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company, American Banking and Market News reports. The stock traded as high as $95.78 and last traded at $95.22, with a volume of 537,466 shares changing hands. The stock had previously closed at $94.60.
The newly announced dividend is scheduled for Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from Sigma-Aldrich Corp.’s previous quarterly dividend of $0.22.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Sigma-Aldrich Corp. in a research note on Monday. They now have a $97.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Sigma-Aldrich Corp. from $74.00 to $82.00 in a research note on Friday, February 7th. They now have a “sell” rating on the stock. Finally, analysts at KeyCorp raised their price target on shares of Sigma-Aldrich Corp. to $104.00 in a research note on Friday, December 27th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $84.33.
The stock has a 50-day moving average of $92.66 and a 200-day moving average of $87.30. The company has a market cap of $11.373 billion and a price-to-earnings ratio of 23.30.
Sigma-Aldrich Corp. (NASDAQ:SIAL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.01. The company had revenue of $684.00 million for the quarter, compared to the consensus estimate of $675.97 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that Sigma-Aldrich Corp. will post $4.37 earnings per share for the current fiscal year.
Sigma-Aldrich Corporation is a life science and high technology company. The Company develops, manufactures, purchases and distributes the range of chemicals, biochemicals and equipment available globally and also provides global biopharmaceutical testing services.
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